Canada's Minister of International Trade, Export Promotion, Small Business and Economic Development Mary Ng
Canada wants to deepen its economic ties with the EU and uphold global trading rules in the face of threatened U.S. tariffs, its trade minister Mary Ng told Reuters on Saturday.
The EU and Canada have benefited from a free trade agreement since 2017, which has boosted bilateral trade by 65%, and set up a raw materials partnership in 2021.
Ng met EU trade chief Maros Sefcovic for a lunch on Saturday following a meeting with Ngozi Okonjo-Iweala, the director general of the World Trade Organization in Geneva on Friday.
"Trade agreements are one thing, and we have seen really great numbers, but what more can we be doing to help Canadian businesses enter into any of the 27 member states...and what more can we do to the same in Canada" Ng said.
She said critical minerals and smaller businesses would be among the focus areas with the EU. The EU, in particular, is keen to forge partnerships to secure metals that are key for the energy transition - cobalt, lithium and nickel - to reduce its dependence on China.
Canada is also pushing to diversify its exports and set itself a target in 2018 of increasing non-U.S. exports by 50% by 2025. Ng said the country was on track to meet or exceed the target.
Canada struck trade deals with Indonesia in December and Ecuador last week and is pushing hard in the Indo-Pacific region. The minister is leading a delegation including more than 200 businesses to Australia, Singapore and Brunei next week.
"We are at the table with the countries in Southeast Asia, so the Association of Southeast Asian Nations. I took a very large delegation of Canadian businesses to the Philippines in December, to Indonesia, to markets like Vietnam, Malaysia, Japan, Korea," Ng added.
Ottawa threatened retaliatory duties and legal action against the United States after President Donald Trump announced tariffs on Canada and Mexico a week ago and before he paused their imposition for 30 days. Ng said Canada could challenge Washington at the WTO if tariffs were imposed.
"We would consider all of the options are available to Canada because Canada is a country that believes in a rules-based trading system," Ng said.
Belarus has released 123 prisoners, including opposition leader Maria Kalesnikava and Nobel Peace Prize laureate Ales Bialiatski, following an agreeme...
Migration isn’t driven only by politics or social issues. In the era of climate change, the environment itself is becoming a reason to leave home....
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladi...
Two Syrian security personnel and several U.S. troops were injured on Saturday after a joint patrol came under gunfire near the city of Palmyra in cen...
U.S. President Donald Trump on Friday responded to the release of new photographs from the estate of Jeffrey Epstein. Trump said he had not seen the p...
Export controls and critical minerals were key issues of discussion when G7 finance ministers met virtually on Monday (8 December). Countries continue to look at alternatives to move away from China's dominance in the rare-earth sector.
More than 60 Indigenous artifacts held in the Vatican for 100 years, including a rare Inuit kayak, arrived in Montreal, where First Nation, Métis and Inuvialuit leaders welcomed them home with ceremony, song and emotion.
Canada has officially removed Syria from its list of state sponsors of terrorism, the country’s Foreign Ministry announced Friday.
Canada and India have agreed to restart negotiations for a new trade deal, Indian officials confirmed on Sunday, after talks stalled following a diplomatic spat two years ago.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
The Oligarch’s Design is an investigative documentary exploring how financial power, political influence and carefully constructed narratives can shape conflict and public perception.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
Belarus has released 123 prisoners, including opposition leader Maria Kalesnikava and Nobel Peace Prize laureate Ales Bialiatski, following an agreement with the United States to ease sanctions on the country’s potash exports.
Migration isn’t driven only by politics or social issues. In the era of climate change, the environment itself is becoming a reason to leave home.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
Two Syrian security personnel and several U.S. troops were injured on Saturday after a joint patrol came under gunfire near the city of Palmyra in central Syria, local media reported.
U.S. President Donald Trump on Friday responded to the release of new photographs from the estate of Jeffrey Epstein. Trump said he had not seen the photos but downplayed their significance, stating that the images were “no big deal.”
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment